Can I retire at age 69 with 4,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $4,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$396,380$392,849$389,404$386,042$382,759$369,619
2 years$196,227$192,573$189,031$185,597$182,266$169,162
3 years$129,519$125,849$122,316$118,914$115,637$102,980
4 years$96,171$92,512$89,014$85,671$82,473$70,360
5 years$76,168$72,531$69,079$65,803$62,695$51,158
6 years$62,836$59,227$55,826$52,623$49,608$38,656
7 years$53,318$49,738$46,392$43,265$40,345$29,976
8 years$46,182$42,635$39,344$36,294$33,470$23,676
9 years$40,635$37,121$33,887$30,914$28,187$18,955
10 years$36,200$32,721$29,543$26,648$24,016$15,332
11 years$32,574$29,129$26,009$23,192$20,655$12,501
12 years$29,554$26,145$23,083$20,342$17,899$10,257
13 years$27,001$23,627$20,623$17,959$15,608$8,457
14 years$24,814$21,477$18,530$15,942$13,682$7,002
15 years$22,921$19,619$16,730$14,218$12,047$5,816
16 years$21,266$18,000$15,168$12,730$10,647$4,843
17 years$19,807$16,578$13,802$11,438$9,440$4,043
18 years$18,512$15,318$12,600$10,308$8,394$3,380
19 years$17,354$14,197$11,534$9,314$7,482$2,831
20 years$16,314$13,193$10,586$8,436$6,683$2,373
21 years$15,373$12,288$9,737$7,656$5,980$1,992
22 years$14,520$11,471$8,974$6,961$5,361$1,673
23 years$13,742$10,728$8,286$6,340$4,812$1,407
24 years$13,029$10,052$7,663$5,782$4,325$1,183
25 years$12,375$9,433$7,098$5,281$3,892$996
26 years$11,772$8,866$6,583$4,828$3,506$839
27 years$11,215$8,344$6,113$4,419$3,161$706
28 years$10,698$7,862$5,682$4,049$2,852$595
29 years$10,218$7,417$5,288$3,713$2,575$501
30 years$9,771$7,005$4,926$3,408$2,327$423
31 years$9,353$6,622$4,592$3,130$2,104$356
32 years$8,962$6,265$4,284$2,876$1,903$300
33 years$8,596$5,933$4,000$2,645$1,722$253
34 years$8,252$5,624$3,738$2,434$1,559$214
35 years$7,928$5,334$3,494$2,240$1,412$180
36 years$7,624$5,063$3,269$2,063$1,280$152
37 years$7,336$4,808$3,060$1,901$1,160$128
38 years$7,064$4,570$2,865$1,752$1,051$108
39 years$6,806$4,345$2,684$1,616$953$91
40 years$6,562$4,134$2,516$1,490$865$77
41 years$6,331$3,935$2,359$1,375$785$65
42 years$6,111$3,748$2,213$1,269$712$55
43 years$5,902$3,571$2,077$1,171$646$46
44 years$5,703$3,404$1,949$1,082$586$39
45 years$5,513$3,246$1,830$999$532$33
46 years$5,333$3,096$1,719$923$483$28
47 years$5,160$2,955$1,615$852$439$23
48 years$4,995$2,821$1,518$788$399$20
49 years$4,837$2,694$1,427$728$362$17
50 years$4,686$2,573$1,341$673$329$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 69 starting with $4,800,000, adding $6,595 every year, while hoping to spend $57,945 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 73/9/18 Blend
68$4,800,000$4,800,000$4,800,000$4,800,000
69$5,296,403$5,042,003$4,967,603$5,660,305
70$5,774,983$5,227,408$5,072,364$6,088,109
71$6,300,436$5,419,956$5,178,694$6,548,938
72$6,877,482$5,619,935$5,286,581$7,052,269
73$7,511,321$5,827,647$5,396,017$7,602,311
74$8,207,679$6,043,406$5,506,988$8,203,698
75$8,972,868$6,267,538$5,619,477$8,861,535
76$9,813,838$6,500,385$5,733,467$9,581,443
77$10,738,247$6,742,302$5,848,936$10,369,612
78$11,754,534$6,993,660$5,965,861$11,232,861
79$12,871,992$7,254,846$6,084,213$12,178,699
80$14,100,864$7,526,262$6,203,963$13,215,397
81$15,452,433$7,808,329$6,325,077$14,352,065
82$16,939,131$8,101,487$6,447,516$15,598,740
83$18,574,653$8,406,191$6,571,239$16,966,475
84$20,374,093$8,722,919$6,696,200$18,467,448
85$22,354,077$9,052,169$6,822,350$20,115,073
86$24,532,927$9,394,459$6,949,633$21,924,127
87$26,930,830$9,750,332$7,077,990$23,910,891
88$29,570,029$10,120,353$7,207,357$26,093,300
89$32,475,032$10,505,110$7,337,664$28,491,113
90$35,672,844$10,905,220$7,468,835$31,126,098
91$39,193,223$11,321,324$7,600,789$34,022,240
92$43,068,954$11,754,092$7,733,438$37,205,962
93$47,336,169$12,204,223$7,866,689$40,706,377
94$52,034,675$12,672,447$8,000,441$44,555,561
95$57,208,342$13,159,527$8,134,585$48,788,856
96$62,905,505$13,666,256$8,269,006$53,445,200
97$69,179,429$14,193,465$8,403,580$58,567,500
98$76,088,807$14,742,021$8,538,176$64,203,026
99$83,698,313$15,312,828$8,672,653$70,403,869
100$92,079,215$15,906,830$8,806,861$77,227,421